General Motors is creating a new business, BrightDrop, which will develop an ecosystem that enables companies to deliver goods and manage logistics more efficiently. BrightDrop will produce the EP1 electric pallets, designed to easily move goods over short distances, and the EV600 light commercial electric delivery vehicle. The EP1 will hit the market early this year, while the EV600 will be available to a wide range of customers beginning in early 2022. The first EV600 customer will be FedEx Express, which has already tested the EP1 pallets, and will receive its first electric vehicle by the end of this year. GM estimates that by 2025, the U.S. parcel, food and reverse logistics delivery market will be worth more than $850 billion.